Nanchang Mining Machinery Group Co., Ltd. (hereinafter referred to as "the Company" or "Nanchang Mining") and all members of the board of directors guarantee that the content of this information disclosure is true, accurate, and complete, without any false records, misleading statements, or significant omissions.
Special Reminder: The Company may provide guarantees for subsidiaries with a debt-to-asset ratio exceeding 70%. Investors are advised to pay attention to investment risks and invest rationally.
On February 4, 2026, the Company held the 11th meeting of the second board of directors, which unanimously approved the proposal on the estimated application for comprehensive credit and guarantee limits for 2026. This proposal is subject to approval by the Company’s shareholders' meeting. The relevant matters are announced as follows:
1. Overview of Credit and Guarantee Situation
The Company and its subsidiaries, Jiangxi Nankuang Engineering Technology Co., Ltd. (hereinafter referred to as "Nankuang Engineering"), Jiangxi Zhikuang Automation Technology Co., Ltd. (hereinafter referred to as "Jiangxi Zhikuang"), Jiangxi Xinkuang Zhiwei Engineering Technology Co., Ltd. (hereinafter referred to as "Xinkuang Zhiwei"), and Nanchang Xinli Wear-resistant Materials Co., Ltd. (hereinafter referred to as "Xinli Wear-resistant") intend to apply to financial institutions (including but not limited to commercial banks) for a total comprehensive credit limit not exceeding RMB 2.2 billion (including equivalent amounts in other currencies). The intended uses of the comprehensive credit include but are not limited to working capital loans, long-term loans, bank acceptance bills, guarantees, letters of credit, commercial bill endorsements, note pools, credit chains, and supply chain financing.
At the same time, the Company intends to provide guarantees for its subsidiaries up to RMB 288 million as required by financial institutions. The validity period for this application for comprehensive credit and guarantee limits is 12 months from the date of approval by the shareholders' meeting, during which the credit and guarantee limits can be reused. The guarantee balance at any point in time shall not exceed the guarantee limit approved by the shareholders' meeting. For specific guarantee matters occurring within the above limits, the board of directors proposes that the shareholders' meeting authorize the chairman or management to determine specific credit and guarantee matters within the above limits, sign agreements and documents related to credit and guarantees, and allocate the guarantee limits among subsidiaries as needed within the total guarantee limit approved by the shareholders' meeting (including newly established or merged subsidiaries within the authorization period). However, when reallocating, guarantees for entities with a debt-to-asset ratio of 70% (inclusive) or above can only be obtained from entities with a debt-to-asset ratio of 70% (inclusive) or above.
According to the "Shenzhen Stock Exchange Stock Listing Rules," "Shenzhen Stock Exchange Listed Company Self-Regulatory Guidelines No. 1 - Standard Operation of Main Board Listed Companies," and the "Company Articles of Association," this credit and guarantee matter must be submitted to the Company's first extraordinary shareholders' meeting of 2026 for review.
2. Estimated Guarantee Limits for 2026
| Guarantor | Guaranteed Party | Guarantor's Shareholding Ratio | Guaranteed Party's Latest Debt-to-Asset Ratio | Current Guarantee Balance | Estimated Guarantee Limit | Proportion of Estimated Guarantee Limit to Latest Net Assets of Listed Company | Related Guarantee |
|---|---|---|---|---|---|---|---|
| Nanchang Mining | Nankuang Engineering | 100% | 88.32% | 0 | 30,000 | 2.12% | No |
| Nanchang Mining | Jiangxi Zhikuang | 66.66% | 60.52% | 0 | 30,000 | 2.12% | No |
| Nanchang Mining | Xinkuang Zhiwei | 100% | 93.35% | 4,774.6 | 218,000 | 15.38% | No |
| Nanchang Mining | Xinli Wear-resistant | 100% | 9.12% | 0 | 10,000 | 0.71% | No |
| Total | 4,774.6 | 288,000 | 20.32% |